Middle East: Machinery For Packing Market 2024

Machinery For Packing Market Size in the Middle East

The Middle Eastern machinery for packing market contracted to $X in 2022, declining by X% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Production in the Middle East

In value terms, machinery for packing production declined to $X in 2022 estimated in export price. In general, production, however, saw a strong expansion. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Machinery For Packing Exports

Exports in the Middle East

In 2022, exports of machinery for packing or wrapping in the Middle East amounted to X units, surging by X% against the year before. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, machinery for packing exports dropped slightly to $X in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), generating an X% share of total exports. Israel (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machinery for packing exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest machinery for packing supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, machinery for packing exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Machinery For Packing Imports

Imports in the Middle East

In 2022, supplies from abroad of machinery for packing or wrapping increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, machinery for packing imports dropped markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) represented the key importer of machinery for packing or wrapping, constituting X% of total imports. The United Arab Emirates (X units) held the second position in the ranking, followed by Israel (X units), Qatar (X units), Iran (X units), Lebanon (X units) and Kuwait (X units). All these countries together held near X% share of total imports. Jordan (X units) held a relatively small share of total imports.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Kuwait (X%), Iran (X%), the United Arab Emirates (X%), Israel (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Jordan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Qatar, Kuwait, Iran and the United Arab Emirates increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machinery for packing importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), with a combined X% share of total imports. Israel, Jordan, Kuwait, Qatar and Lebanon lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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